Index
Stock Index
The Indonesia Stock Exchange (IDX) actively continues to innovate in the development through providing stock indices that can be used by all participants in Indonesia capital market. The index book "IDX Stock Index Handbook" contains a concise overview of the indices provided by the IDX.|
Document Name |
Version |
Publish Date |
Download |
|
IDX Stock Index Handbook |
1.2 |
05-04-2021 |
Currently the Indonesia Stock Exchange has 45 stock indices, as below:
|
No. |
Index Name |
Description |
|
1. |
IDX Composite/ Indeks Harga Saham Gabungan (IHSG) |
An index that measures the stock price performance of all listed companies in Main Board and Development Board of the Indonesia Stock Exchange. |
|
2. |
An index that measures the stock price performance of 80 stocks with relatively large market capitalization, high liquidity, and good fundamentals. |
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|
3. |
An index that measures the stock price performance of 45 stocks with relatively large market capitalization, high liquidity, and good fundamentals. |
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|
4. |
An index that measures the stock price performance of 30 stocks with relatively large market capitalization, high liquidity, and good fundamentals. |
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|
5. |
An index that measures the stock price performance of 30 stocks that historically have relatively high profitability, good solvency, and stable profit growth with high trading liquidity and good financial performance. |
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|
6. |
An index that measures the stock price performance of 30 stocks that have relatively low price valuations with high trading liquidity and good fundamentals. |
|
|
7. |
An index that measures the stock price performance of 30 stocks that have a growth trend in stock prices relative to net profit and revenue with high trading liquidity and good fundamentals. |
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8. |
An index that measures price performance of stocks that become leaders in ESG rating and do not have significant controversies selected from stocks with high trading liquidity and good financial performance. The ESG rating and controversy analysis is developed by Sustainalytics. |
|
|
9. |
An index that aims to reduce the portfolio weighted average carbon intensity by 50% compared to the LQ45 as a parent index, after adjusting the weight per sector according to carbon intensity and exclude companies in the coal industry in accordance with IDX-IC classification. |
|
|
10. |
IDX High Dividend 20 |
An index that measures the stock price performance of 20 stocks that have distributed cash dividends every year over the past 3 years and have relatively high dividend yields. |
|
11. |
IDX BUMN20 |
An index that measures the stock price performance of 20 stocks of BUMNs (State-Owned Enterprises), BUMDs (Municipal-Owned Enterprises) and their affiliates with relatively large market capitalization and high liquidity. |
|
12. |
Indonesia Sharia Stock Index (ISSI) |
An index that measures the stock price performance of all listed stocks in Main Board and Development Board of the IDX that included on Sharia Securities List issued by the Financial Services Authority. |
|
13. |
Jakarta Islamic Index 70 (JII70) |
An index that measures the stock price performance of 70 sharia stocks with relatively large market capitalization and high liquidity. |
|
14. |
Jakarta Islamic Index (JII) |
An index that measures the stock price performance of 30 sharia stocks with relatively large market capitalization and high liquidity. |
|
15. |
Index that measures the stock price performance of 17 sharia stocks of State-Owned Enterprises of Indonesia (SOEs) and their affiliates with high liquidity and large market capitalization. IDX-MES BUMN 17 is joint collaboration between Indonesia Stock Exchange (IDX) and The Islamic Economic Society / Masyarakat Ekonomi Syariah (MES). |
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|
16. |
An index that measures the sharia stock price performance of 30 stocks that have a growth trend in stock prices relative to net profit and revenue with high trading liquidity and good fundamentals. |
|
| 17. |
IDX Small-Mid Cap (SMC) Composite |
An index that measures the stock price performance of listed stocks that have small and medium market capitalization. |
| 18. |
IDX Small-Mid Cap (SMC) Liquid |
An index that measures the stock price performance of stocks that have small and medium market capitalization and selected through certain criteria including liquidity and fundamentals . |
| 19. |
KOMPAS100 |
An index that measures the stock price performance of 100 stocks with relatively large market capitalization, high liquidity, and good fundamentals. |
| 20. |
BISNIS-27 |
An index that measures the stock price performance of 27 stocks selected by the Index Committee of Bisnis Indonesia based on fundamental and technical criteria. |
| 21. |
MNC36 |
An index that measures the stock price performance of 36 stocks selected by MNC Group that have large market capitalization and good fundamental performance. |
| 22. |
Investor33 |
An index that measures the stock price performance of 33 stocks, selected by PT Media Investor Indonesia, through the technical and fundamental analysis and meet certain criteria. |
| 23. |
infobank15 |
An index that measures the stock price performance of 15 leading banks with relatively good fundamentals, large market capitalization and high liquidity. |
| 24. |
SMinfra18 |
An index that measures the stock price performance of 18 stocks selected from the infrastructure main sector, infrastructure supporting sector, and infrastructure financing sector (from the banking sector) selected based on certain criteria. |
| 25. |
An index that measures the stock price performance of 25 listed companies, selected by KEHATI Foundation, that have good performance in encouraging sustainable businesses, as well as having an awareness of the environment, social, and good corporate governance or called Sustainable and Responsible Investment (SRI). |
|
| 26. | ESG Sector Leaders IDX KEHATI |
An index that offers broad market exposure and diversification by choosing representative in each industry with best ESG score. Stocks with above average ESG score are selected to represent the industry and grouped by IDX Industry Classification. SRI-KEHATI is a jointly developed index with the Indonesian Biodiversity Foundation (KEHATI Foundation). |
| 27. |
An index that measures the stock price performance of 45 stocks that consider the quality of financial and ESG aspects with relatively large market capitalization and high liquidity. SRI-KEHATI is a jointly developed index with the Indonesian Biodiversity Foundation (KEHATI Foundation). |
|
| 28. |
PEFINDO i-Grade |
An index that measures the stock price performance of 30 stocks that received an investment grade rating (idAAA to idBBB-) from PEFINDO and selected by PEFINDO through certain criteria. |
| 29. |
An index that measures the stock price performance of 10 banking stocks that have an investment grade rating with high trading liquidity and good financial performance. The IDX-PEFINDO Prime Bank is a jointly developed index with PT Pemeringkat Efek Indonesia (PEFINDO), an Indonesia credit rating agency. |
|
| 30. | IDX Cyclical Economy 30 |
An index that measures the stock price performance of 30 cyclical stocks based on sub-sectors of IDX Industrial Classification (IDXIC) with relatively large market capitalization, high liquidity, and good fundamentals. |
| 31. | IDX-Infovesta Multi-Factor 28 |
An index that measures the price performance of 28 stocks that have relatively high profitability, low price valuation and low volatility, with high trading liquidity and good financial performance. The IDX-Infovesta Multi-Factor 28 is a jointly developed index with PT Infovesta Utama (Infovesta). |
| 32. | IDX Main Board Index |
An index that measures the stock price performance of all stocks listed in the Main Board of Indonesia Stock Exchange. |
| 33. | IDX Development Board Index |
An index that measures the stock price performance of all stocks listed in the Development Board of Indonesia Stock Exchange. |
| 34. |
IDX Acceleration Board Index |
An index that measures the stock price performance of all stocks listed in the Acceleration Board of Indonesia Stock Exchange. |
| 35. |
IDX Sector Energy (IDXENERGY) |
Each sector index measures the price performance of all stocks in each sector which refers to the classification of IDX Industrial Classification (IDX-IC). Please click the following links for more information: |
| 36. |
IDX Sector Basic Materials (IDXBASIC) |
|
| 37. |
IDX Sector Industrials (IDXINDUST) |
|
| 38. |
IDX Sector Consumer Non-Cyclicals (IDXNONCYC) |
|
| 39.. |
IDX Sector Consumer Cyclicals (IDXCYCLIC) |
|
| 40. |
IDX Sector Healthcare (IDXHEALTH) |
|
| 41. |
IDX Sector Financials (IDXFINANCE) |
|
| 42. |
IDX Sector Properties & Real Estate (IDXPROPERT) |
|
| 43. |
IDX Sector Technology (IDXTECHNO) |
|
| 44. |
IDX Sector Infrastructures (IDXINFRA) |
|
| 45. |
IDX Sector Transportation & Logistic (IDXTRANS) |
Fact Sheet of All Stock Indices
List of IDX’ Indices with the Index Name, Launch Date, Base Date and Base Value
|
No. |
Index Name |
Launch Date |
Base Date |
Base Value |
|
1. |
IDX Composite/ Indeks Harga Saham Gabungan (IHSG) |
04-04-1983 |
01-04-1983 |
100 |
|
2. |
LQ45 |
01-02-1997 |
13-07-1994 |
100 |
|
3. |
Jakarta Islamic Index (JII) |
03-07-2000 |
02-01-1995 |
100 |
|
4. |
Board Index |
08-04-2002 |
28-12-2001 |
100 |
|
5. |
KOMPAS100 |
13-07-2007 |
02-01-2002 |
100 |
|
6. |
BISNIS-27 |
27-01-2009 |
28-12-2004 |
100 |
|
7. |
SRI-KEHATI |
08-06-2009 |
28-12-2006 |
100 |
|
8. |
Indeks Saham Syariah Indonesia/ Indonesia Sharia Stock Index (ISSI) |
12-05-2011 |
31-12-2007 |
100 |
|
9. |
IDX30 |
23-04-2012 |
28-12-2004 |
100 |
|
10. |
infobank15 |
07-11-2012 |
03-01-2005 |
100 |
|
11. |
SMinfra18 |
31-01-2013 |
30-12-2004 |
100 |
|
12. |
MNC36 |
28-08-2013 |
28-12-2007 |
100 |
|
13. |
Investor33 |
21-03-2014 |
30-12-2008 |
100 |
|
14. |
IDX SMC Composite |
21-12-2017 |
30-01-2009 |
100 |
|
15. |
IDX SMC Liquid |
21-12-2017 |
30-01-2009 |
100 |
|
16. |
PEFINDO i-Grade |
21-12-2017 |
28-12-2012 |
100 |
|
17. |
IDX High Dividend 20 |
17-05-2018 |
30-01-2009 |
100 |
|
18. |
IDX BUMN20 |
17-05-2018 |
30-01-2009 |
100 |
|
19. |
Jakarta Islamic Index 70 (JII70) |
17-05-2018 |
29-05-2009 |
100 |
|
20. |
IDX80 |
01-02-2019 |
31-01-2012 |
100 |
|
21. |
IDX Value30 |
12-08-2019 |
30-01-2014 |
100 |
|
22. |
IDX Growth30 |
12-08-2019 |
30-01-2014 |
100 |
|
23. |
IDX Quality30 |
10-08-2020 |
04-02-2014 |
100 |
|
24. |
IDX ESG Leaders |
14-12-2020 |
04-02-2014 |
100 |
|
25. |
IDX Sector Energy |
25-01-2021 |
13-07-2018 |
1.000 |
|
26. |
IDX Sector Basic Materials |
25-01-2021 |
13-07-2018 |
1.000 |
| 27. |
IDX Sector Industrials |
25-01-2021 |
13-07-2018 |
1.000 |
|
28. |
IDX Sector Consumer Non-Cyclicals |
25-01-2021 |
13-07-2018 |
1.000 |
|
29. |
IDX Sector Consumer Cyclicals |
25-01-2021 |
13-07-2018 |
1.000 |
|
30. |
IDX Sector Healthcare |
25-01-2021 |
13-07-2018 |
1.000 |
|
31. |
IDX Sector Financials |
25-01-2021 |
13-07-2018 |
1.000 |
|
32. |
IDX Sector Properties & Real Estate |
25-01-2021 |
13-07-2018 |
1.000 |
|
33. |
IDX Sector Technology |
25-01-2021 |
13-07-2018 |
1.000 |
|
34. |
IDX Sector Infrastructures |
25-01-2021 |
13-07-2018 |
1.000 |
|
35. |
IDX Sector Transportation & Logistic |
25-01-2021 |
13-07-2018 |
1.000 |
|
36. |
IDX-MES BUMN 17 |
29-04-2021 |
30-12-2015 |
100 |
|
37. |
ESG Sector Leaders IDX KEHATI |
20-12-2021 |
01-06-2016 |
100 |
|
38. |
ESG Quality 45 IDX KEHATI |
20-12-2021 |
01-06-2016 |
100 |
|
39. |
IDXSHAGROW |
31-10-2022 |
01-06-2022 |
100 |
|
40. |
IDXLQ45LCL |
11-11-2022 |
01-11-2020 |
100 |
|
41. |
Acceleration Board Index |
31-05-2023 |
07-04-2021 |
100 |
|
42. |
IDX-PEFINDO Prime Bank |
04-10-2023 |
03-01-2017 |
100 |
|
43. |
IDX Cyclical Economy 30 |
13-07-2024 |
01-03-2019 |
100 |
|
44. |
IDX-Infovesta Multi-Factor 28 |
02-09-2024 |
03-09-2018 |
100 |
List of IDX’s Indices based on The Method of Calculation
| No. | Method | Index Name |
| 1. | Capped Free Float Adjusted Market Capitalization Weighted Average | IDX Composite (IHSG) |
| Board Index (Main and Development) | ||
| Indonesia Sharia Stock Index (ISSI) | ||
| IDX-IC Sectoral Indices | ||
| Jakarta Islamic Index (JII) | ||
| KOMPAS100 | ||
| BISNIS-27 | ||
| SRI-KEHATI | ||
| infobank15 | ||
| MNC36 | ||
| Investor33 | ||
| IDX SMC Composite | ||
| IDX SMC Liquid | ||
| Jakarta Islamic Index 70 (JII70) | ||
| .SMinfra18 | ||
| I.DX BUMN20 | ||
| PEFINDO i-Grade | ||
| LQ45 | ||
| IDX30 | ||
| IDX80 | ||
| IDX Value30 | ||
| IDX Growth30 | ||
| IDX-MES BUMN 17 | ||
| ESG Sector Leaders IDX KEHATI | ||
| ESG Quality 45 IDX KEHATI | ||
| IDXSHAGROW | ||
| Acceleration Board Index | ||
| IDX-PEFINDO Prime Bank | ||
| IDX Cyclical Economy 30 | ||
| 2. | Capped Dividend Yield Adjusted Free-Float Market Capitalization Weighted |
IDX High Dividend 20 |
| 3. | Capped Free Float Adjusted Market Capitalization Weighted + Quality Factored | IDX Quality30 |
| 4. | Capped Free Float Adjusted Market Capitalization Weighted + ESG Tilt factor | IDX ESG leaders |
| 5. | Capped Free Float Adjusted Market Capitalization Weighted + Carbon Intensity Tilt Factor | IDXLQ45LCL |
| 6. | Capped Adjusted Market Capitalization Weighted Average | IDX-Infovesta Multi-Factor 28 |
Index Evaluation Schedule
|
No |
Index Name |
Evaluation Month | Cap |
Counterpart |
|||||||||||
|
J |
F |
M |
A |
M |
J |
J |
A |
S |
O |
N |
D |
||||
|
1. |
IDX80 | M | 1 | M | 1 | M | 1 | M | 1 | 9% | |||||
|
2. |
LQ45 | M | 1 | M | 1 | M | 1 | M | 1 | 15% | |||||
|
3. |
IDX30 | M | 1 | M | 1 | M | 1 | M | 1 | 15% | |||||
|
4. |
IDX Quality30 | M | 3 | m | 3 | M | 3 | m | 3 | 15% | |||||
|
5. |
IDX Value30 | M | 3 | m | 3 | M | 3 | m | 3 | 15% | |||||
|
6. |
IDX Growth30 | M | 3 | m | 3 | M | 3 | m | 3 | 15% | |||||
|
7. |
IDX ESG Leaders | m | 1 | M | 1 | m | 1 | M | 1 | 15% | Sustainalytics | ||||
|
8. |
IDXLQ45LCL | M | 3 | m | 3 | M | 3 | m | 3 | 15% | |||||
|
9. |
IDX BUMN20 | M | 3 | m | 3 | M | 3 | m | 3 | 15% | |||||
|
10. |
KOMPAS100 | M | 1 | m | 1 | M | 1 | m | 1 | 9% | Kompas Gramedia Group | ||||
|
11. |
IDX SMC Composite | M | 3 | m | 3 | M | 3 | m | 3 | 9% | |||||
|
12. |
IDX SMC Liquid | M | 3 | m | 3 | M | 3 | m | 3 | 9% | |||||
|
13. |
IDX High Dividend 20 | M | 3 | m | 3 | m | 3 | m | 3 | 15% | |||||
|
14. |
SMinfra18 | m | 1 | M | 1 | m | 1 | M | 1 | 15% | PT SMI (Persero) | ||||
|
15. |
BISNIS-27 | m | 1 | M | 1 | m | 1 | M | 1 | 15% | PT Jurnalindo Aksara Grafika | ||||
|
16. |
MNC36 | m | 1 | M | 1 | m | 1 | M | 1 | 15% | MNC Group | ||||
|
17. |
SRI-KEHATI | m | 1 | M | 1 | m | 1 | M | 1 | 15% | Yayasan KEHATI | ||||
|
18. |
Indonesia Sharia Stock Index (ISSI) | m | 1 | M | 1 | m | 1 | M | 1 | 9% | |||||
|
19. |
Jakarta Islamic Index 70 (JII70) | m | 1 | M | 1 | m | 1 | M | 1 | 9% | |||||
|
20. |
Jakarta Islamic Index (JII) | m | 1 | M | 1 | m | 1 | M | 1 | 15% | |||||
|
21. |
IDX -MES BUMN 17 | m | 1 | M | 1 | m | 1 | M | 1 | 20% | Masyarakat Ekonomi Syariah (MES) | ||||
|
22. |
IDXSHAGROW | m | 1 | M | 1 | m | 1 | M | 1 | 15% | |||||
|
23. |
Investor33 | m | 1 | M | 1 | m | 1 | M | 1 | 15% | PT Media Investor Indonesia | ||||
| 24. | ESG Sector Leaders IDX KEHATI | m | 1 | M | 1 | m | 1 | M | 1 | 15% | Yayasan KEHATI | ||||
| 25. | ESG Quality 45 IDX KEHATI | m | 1 | M | 1 | m | 1 | M | 1 | 15% | Yayasan KEHATI | ||||
| 26. | PEFINDO i-Grade | 1 | m | 1 | M | 1 | m | 1 | M | 20% | PT PEFINDO | ||||
| 27. |
IDX-PEFINDO Prime Bank |
1 | m | 1 | M | 1 | m | 1 | M |
35% |
PT PEFINDO |
||||
| 28. | infobank15 | 1 | m | 1 | M | 1 | m | 1 | M | 20% | PT Info Artha Pratama | ||||
| 29. | IDX Cyclical Economy 30 |
|
M |
1 |
|
m |
1 |
|
M |
1 |
|
m |
1 |
25% |
|
| 30. | IDX-Infovesta Multi-Factor 28 |
|
M |
1 |
|
m |
1 |
|
M |
1 |
|
m |
1 |
15% |
PT Infovesta Utama (Infovesta) |
| 31. | Composite (IHSG) | 1 | m | 1 | m | 1 | m | 1 | m | 9% | |||||
| 32. | Main Board Index (MBX) | m | 1 | Mt | m | 1 | Mt | 9% | |||||||
| 33. | Development Board Index (DBX) | m | 1 | Mt | m | 1 | Mt | 9% | |||||||
| 34. | Acceleration Board Index (ABX) | m | 1 | Mt | m | 1 | Mt | 15% | |||||||
| 35. | IDXENERGY | 1 | m | 1 | M | 1 | m | 1 | m | 9% | |||||
| 36. | IDXBASIC | 1 | m | 1 | M | 1 | m | 1 | m | 9% | |||||
| 37. | IDXINDUST | 1 | m | 1 | M | 1 | m | 1 | m | 20% | |||||
| 38. | IDXNONCYC | 1 | m | 1 | M | 1 | m | 1 | m | 9% | |||||
| 39. | IDXCYCLIC | 1 | m | 1 | M | 1 | m | 1 | m | 9% | |||||
| 40. | IDXHEALTH | 1 | m | 1 | M | 1 | m | 1 | m | 20% | |||||
| 41. | IDXFINANCE | 1 | m | 1 | M | 1 | m | 1 | m | 9% | |||||
| 42. | IDXPROPERT | 1 | m | 1 | M | 1 | m | 1 | m | 9% | |||||
| 43. | IDXTECHNO | 1 | m | 1 | M | 1 | m | 1 | m | 25% | |||||
| 44. | IDXINFRA | 1 | m | 1 | M | 1 | m | 1 | m | 9% | |||||
| 45. | IDXTRANS | 1 | m | 1 | M | 1 | m | 1 | m | 15% | |||||
Description:
Major Evaluation (M): aims to select stock index constituents for the next period and adjusting the number of shares for the index and / or the weight of the constituents.
Minor evaluation (m): aims to adjust the number of shares for the index and / or the weight of the constituents without selecting the index constituents for the next period.
Effective at first exchange day (1)
Effective at third exchange day (3)
Effective at third wednesday exchange day (w3)
Effective at last exchange day of the period (t)
